The Globe and Mail reports in its Wednesday edition that Enbridge's $11.4-billion restructuring will simplify its structure, addressing what was a common investor complaint regarding the stock. The Globe's Tim Shufelt writes in the Eye On Equities column that CIBC analyst Robert Catellier continues to rate Enbridge "outperformer." Mr. Catellier trimmed his share target to $57 from $60. Analysts on average target the shares at $51. Mr. Catellier says, "Simplification addresses a major headwind to market sentiment and should make Enbridge shares easier to own." On Thursday, Enbridge announced that it would be buying out its four subsidiaries for $11.4-billion in stock, removing a complex corporate structure that was blamed for weighing on the company's shares. First quarter financial performance was also relatively strong, with Enbridge's consolidated results beating consensus estimates for earnings before interest, taxes, depreciation, and amortization, as well as cash flow. Additionally, Enbridge recently accelerated the timeline for selling off assets, as part of a plan for strengthening its finances. Mr. Catellier says, "The company is making demonstrable progress against its 2018-2020 strategic objectives."